Rights offerings are cheaper than general cash offers and eliminate the problem of underpricing. Yet most new
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Rights offerings are cheaper than general cash offers and eliminate the problem of underpricing. Yet most new equity issues in the U.S. are underwritten general cash offers.
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Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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